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You can’t cut spending without cutting spending
April 7, 2012
I've spent the last 24 hours trying to unravel the Ryan camp's argument that the White House is imposing unfair assumptions on their budget. In particular, the assumption they're upset about is the White House's claim that their budget will mean 10 million college students get their financial aid cut by $1,000. Unpacking this gets a little complicated, and it requires getting into some budgetary weeds, but it's also a good case study of what happens when you start trying to estimate the Ryan budget's effects on real programs.